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Sandhill Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 69 units at a cost
Sandhill Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 69 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 59 units at $7.00 13 118 units at $8.00 23 88 units at $9.00 29 49 units at $10.00 314 Sales April 5 118 units at $20 11 88 units at $20 20 30 88 78 units at $20 39 units at $20 323 Compute the April 30 ending inventory and April cost of goods sold undea) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 1,525.) (a) Average-cost-Ending Inventory Cost of Goods Sold $ (b) FIFO-Ending Inventory $ Cost of Goods Sold $ (c) LIFO-Ending Inventory $ Cost of Goods Sold $ eTextbook and Media Save for Later Attempts: 0 of 1 used Submit
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